![]() Simon is a highly experienced business leader of customer focused, global industrial manufacturing and service businesses. ![]() We are pleased to announce that Simon Pryce is to be appointed to the role of Chief Executive Officer (CEO) and Executive Director of RS Group plc with effect from 3rd April 2023.ĭavid Egan, our current Acting CEO, will work alongside Simon in his role of Chief Financial Officer (CFO). "We look forward to welcoming Distrelec to RS and to realising the significant potential growth and value creation opportunities it creates for all our stakeholders."Ĭompletion is expected within two to three months, subject to customary closing conditions including German, Austrian and Italian regulatory clearance. It materially strengthens our presence in key European markets, there is a strong cultural and operational fit and there are significant potential soft and hard synergies from the combination. "Distrelec is a complementary business to RS with excellent value creation potential under our ownership. These have helped to drive good progress at Risoul since we acquired it in January 2023. Simon Pryce, Group CEO: "Strategic acquisitions that are value creative is part of our strategy, and I'm pleased with what I've seen of our disciplined identification, assessment, valuation and integration processes. ![]() a high-service, digital-led distributor of industrial and MRO products. We are pleased to announce that we have reached an agreement to acquire Distrelec B.V.
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